11.04.2017
Daimler AG DE0007100000
DGAP-Adhoc: Daimler AG: Daimler Group's EBIT significantly better than market expectations in first quarter 2017
DGAP-Ad-hoc: Daimler AG / Key word(s): Quarterly / Interim Statement/Quarter
Results
Daimler AG: Daimler Group's EBIT significantly better than market
expectations in first quarter 2017
11-Apr-2017 / 21:32 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by
DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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April 11, 2017
Ad hoc:
Daimler Group's EBIT significantly better than market expectations in first
quarter 2017
Stuttgart (Germany) - Daimler AG (ticker symbol: DAI) has achieved a Group
EBIT for the first quarter 2017 that is significantly above market
expectations. Group EBIT sums up to EUR4,008 million (Q1 2016: EUR2,148
million). All mentioned figures are preliminary and unaudited.
The EBIT figures reached:
Mercedes-Benz Cars: EUR2,234 million (Q1 2016: EUR1,395 million)
Daimler Trucks: EUR668 million (Q1 2016: EUR516 million)
Mercedes-Benz Vans: EUR357 million (Q1 2016: EUR301 million)
Daimler Buses: EUR65 million (Q1 2016: EUR39 million)
Daimler Financial Services: EUR524 million (Q1 2016: EUR432 million)
Reconciliation: EUR160 million (Q1 2016: -EUR535 million)
The Return on Sales reached:
Mercedes-Benz Cars: 9.8% (Q1 2016: 7.0%)
Daimler Trucks: 8.4% (Q1 2016: 6.3%)
Mercedes-Benz Vans: 11.9% (Q1 2016: 10.7%)
Daimler Buses: 7.2% (Q1 2016: 4.7%)
Automotive Business: 10.6% (Q1 2016: 5.7%)
Impact of following earnings effects are included in the above mentioned
EBIT and RoS figures for the first quarter 2017:
- Positive Valuation effect in connection with new partners/investors in
HERE EUR183 million
- Gain from the sale of real estate at MFTBC (Mitsubishi Fuso Truck and Bus
Corporation) EUR267 million
- Reversal of impairment of investment in BAIC Motor EUR240 million
EBIT is defined as: earnings before income taxes minus interest income plus
interest expenses plus amortization of capitalized borrowing costs. Return
on Sales (RoS) is defined as the quotient of EBIT and revenue.
The full quarterly results will be published on April 26, 2017.
Contact:
Jörg Howe, + 49 711 17-41341, [email protected]
Hendrik Sackmann, + 49 711 17-35014, [email protected]
Silke Walters, + 49 711 17-40624, [email protected]
Forward-looking statements:
This document contains forward-looking statements that reflect our current
views about future events. The words "anticipate," "assume," "believe,"
"estimate," "expect," "intend," "may," "can," "could," "plan," "project,"
"should" and similar expressions are used to identify forward-looking
statements. These statements are subject to many risks and uncertainties,
including an adverse development of global economic conditions, in
particular a decline of demand in our most important markets; a
deterioration of our refinancing possibilities on the credit and financial
markets; events of force majeure including natural disasters, acts of
terrorism, political unrest, armed conflicts, industrial accidents and their
effects on our sales, purchasing, production or financial services
activities; changes in currency exchange rates; a shift in consumer
preferences towards smaller, lower-margin vehicles; a possible lack of
acceptance of our products or services which limits our ability to achieve
prices and adequately utilize our production capacities; price increases for
fuel or raw materials; disruption of production due to shortages of
materials, labor strikes or supplier insolvencies; a decline in resale
prices of used vehicles; the effective implementation of cost-reduction and
efficiency-optimization measures; the business outlook for companies in
which we hold a significant equity interest; the successful implementation
of strategic cooperations and joint ventures; changes in laws, regulations
and government policies, particularly those relating to vehicle emissions,
fuel economy and safety; the resolution of pending government investigations
or of investigations requested by governments and the conclusion of pending
or threatened future legal proceedings; and other risks and uncertainties,
some of which we describe under the heading "Risk and Opportunity Report" in
the current Annual Report. If any of these risks and uncertainties
materializes or if the assumptions underlying any of our forward-looking
statements prove to be incorrect, the actual results may be materially
different from those we express or imply by such statements. We do not
intend or assume any obligation to update these forward-looking statements
since they are based solely on the circumstances at the date of publication.
Contact:
Hendrik Sackmann
Tel.: +49 (0)711 17 35014
[email protected]
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Language: English
Company: Daimler AG
Mercedesstrasse 137
70327 Stuttgart
Germany
Phone: +49 (0)711 179 22 61
Fax: +49 (0)711 179 40 75
E-mail: [email protected]
Internet: www.daimler.com
ISIN: DE0007100000
WKN: 710000
Indices: DAX, EURO STOXX 50
Listed: Regulated Market in Frankfurt (Prime Standard), Stuttgart;
Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Hanover, Munich, Tradegate Exchange
End of Announcement DGAP News Service
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564299 11-Apr-2017 CET/CEST
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